[billylindeman]

"They could simply have divested"

What an odd thing to say. Why should a company that started the biggest social media app in a decade "divest" it to US oligarchic interests when it's a global application? It makes no sense.

This is the largest affront to American freedom since the patriot act, and the fact that people are celebrating it on some red-scare bullshit is terrifying.

I am personally disgusted that my government thinks it should be in the business of telling me what apps I can have on my phone. I am a grown adult, and a taxpayer, and the US Government has no fucking business telling me where I can watch and/or post videos.

Maybe it's time to build a decentralized alternative so this never happens again.

[scarab92]

It's hard for China to claim that they are being treated unfairly, when US companies are generally only permitted to hold a minority 49% interest of the Chinese operations.

The US is just reciprocating.

[billylindeman]

Chinese investors own ~20% of ByteDance. Mostly own by large funds (State Street BlackRock, Sequoia, etc)